NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

NYLIM FTSE International Equity Currency Neutral ETF (NYSEARCA:HFXI)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $36.46 and traded as high as $37.07. NYLIM FTSE International Equity Currency Neutral ETF shares last traded at $37.01, with a volume of 328,599 shares trading hands.

NYLIM FTSE International Equity Currency Neutral ETF Price Performance

The firm has a 50 day simple moving average of $37.24 and a 200-day simple moving average of $36.46. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 15.93 and a beta of 0.73.

Hedge Funds Weigh In On NYLIM FTSE International Equity Currency Neutral ETF

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of NYLIM FTSE International Equity Currency Neutral ETF by 271.8% in the first quarter. Royal Bank of Canada now owns 719,888 shares of the company’s stock valued at $24,174,000 after acquiring an additional 526,266 shares during the last quarter. NewEdge Advisors LLC grew its position in NYLIM FTSE International Equity Currency Neutral ETF by 1,544.1% during the 2nd quarter. NewEdge Advisors LLC now owns 70,435 shares of the company’s stock worth $2,683,000 after acquiring an additional 66,151 shares during the last quarter. Envestnet Asset Management Inc. grew its position in NYLIM FTSE International Equity Currency Neutral ETF by 19.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 386,956 shares of the company’s stock worth $14,739,000 after acquiring an additional 62,510 shares during the last quarter. Cetera Investment Advisers increased its holdings in NYLIM FTSE International Equity Currency Neutral ETF by 51.2% during the 1st quarter. Cetera Investment Advisers now owns 142,949 shares of the company’s stock valued at $4,800,000 after purchasing an additional 48,403 shares in the last quarter. Finally, Mason & Associates Inc increased its holdings in NYLIM FTSE International Equity Currency Neutral ETF by 4.1% during the 1st quarter. Mason & Associates Inc now owns 656,839 shares of the company’s stock valued at $21,387,000 after purchasing an additional 25,567 shares in the last quarter.

About NYLIM FTSE International Equity Currency Neutral ETF

The IQ 50 Percent Hedged FTSE International ETF (HFXI) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of large- and mid-cap companies located in developed nations outside of North America, with roughly half of its foreign currency exposure hedged to the USD. HFXI was launched on Jul 22, 2015 and is managed by IndexIQ.